The numbers: Americans increased spending on a variety of goods and services in June as more people returned to work and massive infusions of government aid flowed through the economy, but progress appears to have slowed lately after a recent surge in coronavirus cases. Personal spending rose 5.6% in June, …
Read More »Woman who destroyed the mask exhibit at Target: “Mental illness has really been something that has not been addressed as a result of this pandemic”
Stress and fear of COVID-19 can take its toll. Melissa Rein Lively, the woman who was filmed destroying a mask in early July on a Target TGT, + 1.18% in Scottsdale, Arizona, and posted it on social media, says he spent a week at a mental health center after the …
Read More »GE shares sink as CEO Culp can’t hit bottom in aviation business
Shares in General Electric Co. sank into volatile operations on Wednesday after the diversified industrial conglomerate said it suffered “general” weakness in the second quarter and indicated that its aviation business could take years to recover from the effects of the pandemic. COVID-19. The GE stock, -4.35% It took a …
Read More »Visa Exceeds Earnings Expectations, But Travel Category Still Slow To Back Down
Visa Inc. outperformed third-quarter tax earnings and revenue expectations on Tuesday, but the company experienced a decline in volume as the COVID-19 crisis continued to slow spending growth, especially in the travel category. Share V, -0.08% they were out of 2% in after-hours trading. The company posted net income of …
Read More »Big Tech’s big test comes in the busiest week of the earnings season
Despite the fact that Big Tech’s day in the antitrust spotlight is delayed, next week will be a great test for the biggest names on Wall Street. Parent company of Google Alphabet Inc. GOOGL, -0.56% GOOG, -0.25% , Amazon.com Inc. AMZN, + 0.74% Apple Inc. AAPL, -0.24% and Facebook Inc. …
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